Archive for Economics

The Nobel Laureates

For those of you who are pure econ geeks, here are some links: ==> As usual, check out Tyler Cowen, on Paul Romer (make sure you read the thing about Romer saying World Bank reports couldn’t use “and” more than 2.6% of the words) and William Nordhaus. ==> Also as usual, the person whose take is […]

Read more

Murphy vs. Tucker Carlson

For real, I think I identified at least two big mistakes in the recent Tucker Carlson clip where he went after Jeff Bezos for off-loading his labor costs onto taxpayers (through food stamps). Even if you’re an economist who agrees with me, I encourage you to read my article. It took me a bit to […]

Read more

Market Monetarists: The Good, the Bad, and the Ugly

Actually my title doesn’t really make sense; I couldn’t think of anything clever. I really liked this David Beckworth post, talking about the breakdown of the Fed’s “floor system.” In fact, I liked it so much that I based my article in the forthcoming issue of The Lara-Murphy Report on it. So score +1 for […]

Read more

Paul Krugman versus Bob Murphy and George Soros

Keith Knight sent me a copy of Krugman’s book, Conscience of a Liberal, and we went through it on his show (below). Before we went live, he mentioned that Krugman had once debated George Soros. I never knew that (or I forgot), so I’m including that video as well.

Read more

The Myth of Fed Independence

My latest article is feisty. It sounds like I’m defending Trump and then…BAM! I go full Rothbard. Trump committed a faux pas with his public complaints about the Fed. But his actual “mistake” was in letting the American people in on a dirty secret: The central bank is by its very nature a political institution […]

Read more

Potpourri

==> This is an old but very interesting post from Mark Bahner on atmospheric CO2 and how quickly it could be removed if need be. ==> A very interesting post from David Beckworth on the yield curve (HT2 Scott Sumner). But most important–look at this analysis from Ben Bernanke back in 2006!! Not only was […]

Read more

A Thought Experiment on Fractional Reserve Banking

Enrico in the comments of my FRB lecture writes: “if someone lends 100$ to a bank for a fixed time period, and then the bank makes a loan of 90$, no boom&bust cycle will happen. The reason is that the 90$ loan granted by the bank is “backed” by (at least) 90$ real savings from […]

Read more

NYU Reminiscences on Mario Rizzo’s 70th Birthday

My contribution here. Be sure to go to ThinkMarkets and scroll down to see all the entries. (Thanks to the alert von Pepe for telling me about these!)

Read more